Risk and Insurance in Transition: Perspectives from Zouping County, China
This chapter discusses how rural households in Zouping County, Shandong Province, China, cope with increased economic risk and loss of pre-existing financial and insurance mechanisms. Many households are highly exposed to risk. They cope by relying their own devices such as saving and borrowing, and diversifying their sources of income. Explanations for weak insurance provision are studied and innovative insurance arrangements are proposed.
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